Cryptocurrency Q&A
Is Lido shutting down?
Is Lido shutting down?
CryptoAce
Sun Jun 02 2024
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7 answers
1923
Could you clarify the recent rumors surrounding Lido? I've heard whispers that the platform might be shutting down. Is there any truth to this speculation? If so, what are the reasons behind this decision? And how will this potentially affect its users and the cryptocurrency market at large? Additionally, what alternative options or replacements could users consider in case of a shutdown? I'm keen to understand the ins and outs of this situation.
7 answers
SamsungSpark
Tue Jun 04 2024
According to Entrackr, the Mumbai bench of the National Company Law Tribunal has received the insolvency and bankruptcy application from Lido Learning.
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Michele
Tue Jun 04 2024
This news comes as a surprise given the startup's backing by Ronnie Screwvala, a well-known figure in the Indian business world.
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Sofia
Tue Jun 04 2024
The cash crunch experienced by Lido Learning appears to have been the tipping point that led to this unfortunate situation.
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Andrea
Tue Jun 04 2024
Ronnie Screwvala's edtech startup, Lido Learning, has encountered financial difficulties, leading to the decision to file for insolvency and bankruptcy.
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MountFujiView
Tue Jun 04 2024
In a similar vein, last month, another startup backed by a prominent figure, ShopX, also announced that it was shutting down its operations.
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